Credit card coverage mostly applies to what's called a collision damage waiver or loss damage waiver, typically the most expensive coverage offered at the rental counter. Cards also usually include some coverage for towing expenses and administrative fees.
Not every card affords the same coverage. Most Visa cards will cover theft, damage to the rental car, towing and loss-of-use charges if you do not have a personal auto insurance policy. ... If you have your own insurance, Visa will reimburse your deductible as well as some other charges your insurer does not cover.
Car rental insurance is included with all Bank of America credit cards. Visa cards cover 31 rental days in a row and Mastercards cover 15 rental days in a row. For Visa cards, it protects from theft and damage up to the cash value of most cars. For Mastercards, it covers theft and damages up to $50,000 or less.
The best credit cards for rental car coverage
Chase credit cards with primary rental car insurance
If you're searching for a credit card with rental car insurance, Chase credit cards are your best bet. Most Chase business credit cards and Chase cards with an annual fee offer primary rental car insurance — both in the U.S. and abroad.
You might not need to buy extra car insurance from the rental car company. That's because the coverage on your personal auto policy may extend to a rental car. ... If you have that on your personal policy, it may help pay to repair the rental car if it's damaged in a collision.
Credit card coverage usually applies only to cars and other passenger vehicles. For example, the rental benefits offered by Visa exclude all trucks as well as vans that seat more than eight people. American Express's exclusions include cargo vans and box trucks.
When a rental car is damaged, “loss of use” charges are applied to cover the potential revenue lost when the vehicle is off the road for repairs. This is typically charged in the amount of a day's rental for that vehicle, and most auto insurance companies do not cover this fee.
Mastercard rental car insurance covers physical damage or theft of an eligible rental vehicle, as well as loss-of-use charges, towing costs and late drop-off charges. Typically, Mastercard car rental insurance covers up to $50,000 or the price of the vehicle.
MasterRental may provide coverage for covered damages (physical damage and theft) to a rental vehicle when your eligible Mastercard is used to initiate and pay for the entire rental transaction.
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